Benidorm closes 2015 with 7.7 million euros in positive and 21 million less of debt

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Benidorm closes 2015 with 7.7 million euros in positive and 21 million less of debt
Benidorm closes 2015 with 7.7 million euros in positive and 21 million less of debt

Caselles explained that this budgetary balance "is good" and evidence that "we have fulfilled our goal" to reduce spending and "do more with less" because of the 35 million euros that had been reserved for current expenditure finally it was consumed 29 million.

To these data has also contributed the improvement of the expected revenue linked to "the revival of the real estate activity," which has led to the collection by the Tax Construction, Installations and Works (ICICI), reaching 1,057 .000 euros compared to 560,000 euros that were budgeted. This increase in income has also been felt in rates, as 29 million have been collected for this purpose instead of the planned 25.

The head of Finance stressed that "we must be content" of the management, as it has been amortizing 21 million euros of debt, "15 of them in advance." Thus, bank debt at 31 December was 78 million euros, leaving the level of indebtedness of the City Council at 86.49%.

Caselles recalled that in 2016 the City Council must meet the payment of 7.7 million euros of bank debt. However "in the budget and we plan to pay double, 15 million euros," which could be "even more". According to the councilor, this goal seems acceptable because "we have been very cautious when calculating income."

Finally, the councillor stressed that the City is paying on time suppliers included. Thus, "thanks to the work of the departments of Treasury and Intervention", the average payment to suppliers is 13 days, "something for what we should be very proud."